LPL Financial Acquires Minority Stake in Private Advisor Group

Reuters11-21

LPL Financial Acquires Minority Stake in Private Advisor Group

LPL Financial Holdings Inc. has acquired a minority ownership stake in Private Advisor Group, a firm with $41.3 billion in assets under management. This transaction, with Republic Capital Group serving as investment banking advisor to Private Advisor Group, marks a significant strengthening of the long-standing relationship between the two firms. LPL joins Merchant Investment Management and six legacy shareholders as minority owners, broadening Private Advisor Group's ownership structure. The investment aims to support advisor growth, innovation, and enhanced service, while Private Advisor Group will continue to operate independently under its established brand.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LPL Financial Holdings Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: DA28930) on November 20, 2025, and is solely responsible for the information contained therein.

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